Brief: Auriant Mining Q1 Hard Rock Gold Production Amounts To 216.7 kg
20/04/2022 14:38
April 20 (Reuters) - Auriant Mining AB AURIM.ST :
* IN Q1 2022, HARD ROCK GOLD PRODUCTION AMOUNTED TO 216.7 KG
(6,967 OZ), COMPARED TO 209.7 KG (6,743 OZ) IN Q1 2021
* Q1 2022, TOTAL GOLD SALES WERE 292.1 KG (9,392 OZ),
COMPARED TO
180.0 KG (5,787 OZ) IN 3M 2021
* OVERALL, Q1 2022 PRODUCTION WAS IN LINE WITH COMPANY'S
PRODUCTION PLAN
* AVERAGE GRADE IN Q1 2022 WAS 2.44 G/T, COMPARED TO 2.04
G/T IN
Q1 2021
* DUE TO CURRENT CHALLENGING GEOPOLITICAL SITUATION DECIDED
TO
WIDEN ITS GOLD SALES CHANNELS
* SUBSIDIARY HAS APPLIED FOR AN EXPORT LICENSE TO BE ABLE TO
SELL
GOLD OUTSIDE RUSSIA
* THERE IS AN OPTION OF SELLING GOLD TO A NEW BANK UNDER A
NEW
SALES CONTRACT
* SUBSIDIARIES CONTINUE TO SELL GOLD, BUT WITH DISCOUNTS TO
LBMA
GOLD PRICE THAT CAN BE SUBSTANTIAL
* EFFECT OF THESE DISCOUNTS IS TO SOME EXTENT MITIGATED BY
STRONG
GOLD PRICE AND WEAK RUBLE
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